Tech firms may slow developer hiring as AI agents scale, Bernstein says

Bernstein says it sees a gradual decline in global developer population as AI agents become mainstream

AI agents are systems designed to automate tasks with limited human intervention

By 2050, engineering population is expected to shrink by a third - brokerage

Brokerage says AI-driven tools are increasingly automating routine coding tasks such as error detection and project management, which reduces the need for entry-level developers

Bernstein estimates 15 bln AI agents by fiscal year 2035

AI agents are ~20 times cheaper than traditional human labor - brokerage

There are 35% fewer software developer job listings on job search platform Indeed now than five years ago - brokerage

Adds demand may shift toward smaller, more specialized group focused on system architecture, integration and oversight of these AI tools